Forex Charts
Technical Analysis – FX Daily Majors
Today’s highlights: GBP/USD: Solid recovery highlights respect for critical trend/neckline support factors below at 1.6177/1.6102. We still look for these to hold through mid-June USD/CHF: Mini-base dismissed by bearish “outside” pattern. Whilst below .8548 risk is for bear extension through .8326 to .8125
HSBC: Currencies: Currency Weekly: EUR and CHF: Where core EUR might have been
Since the onset of the sovereign debt problems, EUR and CHF have behaved very differently. Monetary conditions in Switzerland are now much tighter than in the Eurozone, so it is unlikely the SNB will follow ECB rate rises.
The euro is seen to depreciate versus emerging market currencies
EUR/PLN: Is seen dropping towards the May low at 3.8933. EUR/HUF: Trades back within the 265.00/263.06 support zone which may soon give way, however. EUR/CZK: Is about to fall through the 2011 support line at 24.105 and should retest the April low at 24.04.
Daily Market Technicals – US dollar positive bias
EUR/USD last week rejected the 78.6% Fibonacci retracement at 1.4732, and sold off. We view this as the market charting an interim top at 1.4697 and consider the short term risk has now shifted to the downside. We look for a sustained break below cloud support at 1.4322 to trigger another slide to the 1.4010/1.3968 […]
Technical Analysis: Technical Alert
USD strength – EUR weakness still in progress even though EUR/USD might consolidate some having arrived at important support levels. AUD bearish price action last week as well as AUDJPY.
Chart Watch – Are we approaching a period of more sustained AUD/USD weakness?
Bank of England AUD TWI is looking toppy – would allow for slide back to the 2 year support line at 104.00. From current levels of 107.40 this would imply a 3% correction lower.
Daily Market Technicals – The euro has taken a hit again.
EUR/USD is once more sitting on the 61.8% Fibonacci retracement of the May decline at 1.4569, having remained below the 78.6% Fibonacci retracement at 1.4732 on Wednesday.
Technical Analysis: Technical Alert.
EUR is losing a bit of its recent strength however so far seen as a temporary setback. EUR/USD likely to head for 1.4420/4500, EUR/GBP 0.8830ish, AUD/JPY closed below its bear triangle and the AUD is expected to give up more gains,